Amended return resulted in refund - pay original balance due?

[aussiegeoff]

Hi All,

An easy question -

Client originally showed a balance due on their* 1040.** Then he got a relatively large mortgage interest statement, and said he had health insurance all year.** This resulted in a balance due, as Schedule A became applicable and the ISRP was removed.**

Should the client be advised to make the original payment of balance due?** Or can he wait until it washes with the 1040X being processed?

Thanks!

[taxmom34]

what year are you talking about? is it current year 2017 or later year.

[taxea]

He can wait until it washes. No matter which year...once it washes any penalty and interest will be erased.

[aussiegeoff]

what year are you talking about? is it current year 2017 or later year.

Yes, 2017.

[New York Enrolled Agent]

Hi All,

An easy question -

Client originally showed a balance due on their* 1040.** Then he got a relatively large mortgage interest statement, and said he had health insurance all year.** This resulted in a balance due, as Schedule A became applicable and the ISRP was removed.**

Should the client be advised to make the original payment of balance due?** Or can he wait until it washes with the 1040X being processed?

Let me get this straight - on his original return he apparently SAID he did not have health insurance. Correct?

But now he SAID he had health insurance - I'm sure you saw the 1095-B or C or some other documentation. Correct?